TIDMFLTR

RNS Number : 5279M

Flutter Entertainment PLC

22 September 2021

22 September 2021

Flutter Entertainment plc ("Flutter" or "Group")

Update on Kentucky legal proceedings

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Further to the announcement of 25 March 2021 the Group today announces that the legal dispute between Flutter and the Commonwealth of Kentucky has now been settled in full.

The key elements of the settlement are as follows:

-- Flutter agrees to pay $200 million to the Commonwealth of Kentucky in addition to $100 million previously forfeited to the Commonwealth as part of the supersedeas bond in the case.

-- In return, the Commonwealth of Kentucky has agreed to cease all further actions with respect to the case.

The Group strongly believes that this agreement is in the best interests of Flutter shareholders. The Group now considers the matter closed.

Contacts:

 
 Investor Relations: 
 David Jennings, Group Director of Investor 
  Relations & FP&A                             + 353 87 951 3560 
 Ciara O'Mullane, Investor Relations           + 353 87 947 7862 
 Liam Kealy, Investor Relations                + 353 87 665 2014 
 Press: 
 Fi Thorne, Corporate Affairs                  + 44 75 2111 4787 
  Lindsay Dunford, Corporate Affairs            + 44 79 3197 2959 
 Billy Murphy, Drury / Porter Novelli          + 353 1 260 5000 
 James Murgatroyd, Finsbury                    + 44 20 7251 3801

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

FURPPUQGBUPGPPG

(END) Dow Jones Newswires

September 22, 2021 02:00 ET (06:00 GMT)

Paddy Power Betfair (LSE:PPB)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Paddy Power Betfair Charts.
Paddy Power Betfair (LSE:PPB)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Paddy Power Betfair Charts.